Is SOLANA about to BREAKOUT?

24 gen 2024

Solana is trending up in it's channel on the 30min chart.

If it breaks out through the channel on a candle close, look for it to move higher.

If it rejects the channel resistance, look for it to test the bottom the channel and repeat.

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24 gen 2024

Nota

Solana continues to range between the channel and just broke below the bottom on the 15 min.

25 gen 2024

Nota

Very interesting pattern just formed.



SOLANA broke down out of the first channel and has now formed a new channel based on the trajectory of the the wedge it was previously in.

What do you think?

26 gen 2024

Nota

Solana is now testing the top of the bear channel it's been in for a while.

Watch for candle closings above the top of the channel, especially 4 hour time frame or higher. If candles start to close above the channel top, look for a BIG move up.